Cash for Clunkers Kicks Off!

It looks like the Car Allowance Rebate System (CARS) or otherwise known as “Cash for Clunkers” has launched this week. For those who don’t know, CARS basically does this: the government buys back old cars (which get a combined average mileage of 18 miles a gallon or less) from folks to scrap, and the seller gets $4,500 toward the purchase or lease of a new fuel-efficient car. Not a bad deal to help the environment, right? Via the New York …